Janney Montgomery Scott LLC Has $31.70 Million Holdings in Nordson Co. (NASDAQ:NDSN)

Janney Montgomery Scott LLC grew its position in shares of Nordson Co. (NASDAQ:NDSN - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,996 shares of the industrial products company's stock after buying an additional 6,703 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.21% of Nordson worth $31,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Nordson by 5.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,337 shares of the industrial products company's stock worth $2,084,000 after purchasing an additional 504 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Nordson by 7.4% during the third quarter. Mackenzie Financial Corp now owns 2,332 shares of the industrial products company's stock valued at $514,000 after buying an additional 160 shares in the last quarter. Advisor Partners II LLC lifted its position in shares of Nordson by 7.3% in the third quarter. Advisor Partners II LLC now owns 1,123 shares of the industrial products company's stock worth $251,000 after buying an additional 76 shares during the last quarter. Assetmark Inc. lifted its position in shares of Nordson by 18.7% in the third quarter. Assetmark Inc. now owns 3,493 shares of the industrial products company's stock worth $780,000 after buying an additional 551 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Nordson by 2.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,795 shares of the industrial products company's stock worth $1,070,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 72.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NDSN shares. Wells Fargo & Company upped their target price on Nordson from $290.00 to $315.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. StockNews.com lowered Nordson from a "buy" rating to a "hold" rating in a report on Thursday, April 11th. KeyCorp reiterated a "sector weight" rating on shares of Nordson in a research note on Monday, February 26th. Finally, DA Davidson raised their target price on Nordson from $290.00 to $315.00 and gave the stock a "buy" rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Nordson currently has an average rating of "Moderate Buy" and an average price target of $278.00.

Nordson Price Performance

NDSN stock traded up $2.57 during midday trading on Wednesday, reaching $274.56. 203,510 shares of the company's stock traded hands, compared to its average volume of 214,444. The company has a 50-day simple moving average of $267.12 and a two-hundred day simple moving average of $254.98. The company has a quick ratio of 1.37, a current ratio of 2.19 and a debt-to-equity ratio of 0.56. Nordson Co. has a 1-year low of $208.90 and a 1-year high of $279.38. The company has a market cap of $15.70 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.06 and a beta of 1.00.

Nordson (NASDAQ:NDSN - Get Free Report) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.18. Nordson had a return on equity of 20.59% and a net margin of 18.59%. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $630.77 million. During the same period last year, the company posted $1.95 earnings per share. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts anticipate that Nordson Co. will post 10.2 earnings per share for the current year.

Nordson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Monday, May 20th. Nordson's dividend payout ratio (DPR) is presently 31.81%.

About Nordson

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.

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